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Airport briefing: Sky Harbor proposes hangar campus; city role limited to TEFRA hearing
Summary
Airport staff and Sky Harbor presented a proposal for a privately financed hangar campus at Salt Lake City International Airport, to be funded with tax-exempt private activity bonds; presenters said the financing would not obligate the city and would return hangars to the airport at lease end.
Salt Lake City's airport and finance staff briefed the council on a proposed Sky Harbor hangar campus on the airport's east side and the required tax-equity public hearing under TEFRA federal rules. Airport staff explained the project would use a tax-exempt private activity bond issued by the Public Finance Authority of Wisconsin; the public hearing is a required step before the mayor signs the TEFRA documentation.
Bill Wyatt and airport staff described why the east…
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